glennmercer
Long

EURUSD Wave Count - Slow Drop Before Rally

FX:EURUSD   Euro / U.S. Dollar
Happy Sunday, traders! The drop following the expanding triangle last week was swift and strong, as is usually the case for c waves:



The drop began with a series of ones and twos, meaning we will likely find a series of sideways four counts to follow. For this reason, the drop is likely going to continue sideways before the rally. I will be looking for a pop and pullback to buy after wave-c is determined to be completed. I will update as the tide rolls. Happy trading

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